Bloomberg Insinuates that AG Andrew Cuomo is Investigating J. Ezra Merkin for Charity Fraud

Bloomberg does not come right out and say it but the insinuation is there. AG Andrew Cuomo is investigating charity fraud connected to the Madoff scandal, but is not probing Madoff ... and by the way, you have heard about J. Ezra Merkin.

I guess that is what you have to report when the AG won't be forthright.
Cuomo Probing Charity Fraud Tied to Madoff Scandal (Update1)
By Andrew Harris and Karen Freifeld

Jan. 13 (Bloomberg) -- New York Attorney General Andrew Cuomo is investigating “people who defrauded charities” in connection with Bernard Madoff’s alleged $50 billion Ponzi scheme.

Cuomo, whose office oversees nonprofit entities in New York, said today “a number of charities” were defrauded by the alleged scam. “We are looking at frauds in charities and people who defrauded” them, Cuomo said after a press conference on an unrelated issue.

The attorney general said he isn’t investigating Madoff, 70, who was charged last month by federal prosecutors with bilking investors by using money from new investors to pay old ones. Madoff’s lawyer, Ira Sorkin, declined to comment on Cuomo’s statement.

Yeshiva University, a not-for-profit New York school, sustained about $110 million in losses related to the scandal, a spokesman has said. Most of those losses were allegedly invested through hedge funds controlled by J. Ezra Merkin, a Yeshiva trustee and chairman of the school’s investment committee, the spokesman, Bill Anderson, said last month. Merkin has denied any wrongdoing....more

1 comment:

Anonymous said...

Ezra Merkin must be incensed, very angry. How dare anyone question him or his motives, his practices or his conduct, his judgment or his tailor or his Yankees or his Rothkos, the quality of his shoes and shirts and ties, his pastimes and obvious superiority, knowledge and opinions, his learning and his apartment not least of which, his personalized designer purses.

The AG is excused.